AHL Stock Recent News

Apollo Global Management plans to spin off Aspen Insurance Holdings Limited in 2025, targeting a $4 billion valuation, after postponing the IPO due to unfavorable market conditions. Aspen Insurance redeemed its 5.95% "C" preferred stock using funds from a recently issued 7% preferred, signaling positive financial health for existing preferreds. Aspen's Q3 results show improved financials, with $3 billion available to cover preferred stockholders, indicating a strong coverage ratio and market confidence.

Aspen Insurance Holdings Ltd. issued a new 7.00% non-cumulative preferred stock, AHL-F, with $200 million gross proceeds, rated BB+ by S&P and Ba1 by Moody's. AHL-F offers a 6.88% current yield and 6.59% yield to call, trading at $25.43, and is callable on and after 11/30/2029. Aspen Insurance shows stable financials ensuring preferred distributions are not threatened and sufficient common equity to cover debt and preferred equity.

The FOMC has clearly telegraphed we should expect another 75 basis point bump in rates. Today's fixed income returns are good and expected to get even better in a couple of weeks.